Walmart Canada gives 40,000 hourly workers pay raise

Walmart says it’s spending $53 million to lift hourly wages for 40,000 of its workers across Canada, effective this month. Anne Gaviola has more on why the big box retail giant’s recent pay raise and hiring spree bucks current labour market trends.

• Walmart’s promise of low prices lured shoppers in 3rd quarter
• Walmart Canada to add $92M in pay increases for hourly workers
• Walmart raises its earnings outlook on strong demand for bargains